BABCOCK & WILCOX ENTERPRISES, INC.
boothcheck covers BABCOCK & WILCOX ENTERPRISES, INC. (BW) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• The order book changed shape completely in one quarter: total backlog stood at $2.7 billion at March 31, 2026 against $467.9 million a year earlier, almost all of it from a single design-build agreement signed in February with Base Electron, an independent power producer backed by Applied Digital. • That concentration is also the central risk, and the 10-Q says so in its own words: ⟦"Backlog may not be indicative of future operating results, and contracts in our backlog may be canceled, modifi
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150 institutional managers reported holding BW in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 53%. 49 opened new positions that quarter. Held by Vanguard Group, Jane Street, Marshall Wace, among others. On the short side, 9.1M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BW's share count grew 56% over the past five years even with $6.58M spent on repurchases. It pays no dividend. Cash returned over the past three years: $2.07M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BW over the trailing three years: 2023: 8 buys totaling $367k; 2024: 4 buys totaling $62k; 2025: 7 buys totaling $143k; 2026: 2 buys totaling $125k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BW's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +4.4% | -39.4% |
| 2023-11-10 | -55.1% | +16.2% |
| 2024-03-16 | -22.7% | +24.2% |
| 2024-05-10 | +10.3% | +58.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BW's latest 8-K filings: 2026-09-08 (items 8.01); 2026-08-10 (items 2.02, 7.01, 9.01); 2026-07-13 (items 7.01, 8.01, 9.01); 2026-06-08 (items 8.01); 2026-05-22 (items 5.02, 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.